VANECK档案启动了第一个美国交易所交易基金（ETF）跟踪Binance Coin（BNB）的性能

拟议的ETF旨在持有现货BNB代币，并可能通过信誉良好的Staking提供商定期存放其部分资产

Asset management giant VanEck has filed with the United States Securities and Exchange Commission to launch the first US exchange-traded fund (ETF) tracking Binance Coin’s (BNB) performance.

资产管理巨头Vaneck已向美国证券交易委员会申请了首个美国交易所交易基金（ETF）跟踪二氧化硬币（BNB）的绩效。

The proposed ETF aims to hold spot BNB tokens and may periodically stake a portion of its assets through reputable staking providers, according to details outlined in its S-1 prospectus.

根据S-1招股说明书中概述的细节，拟议的ETF旨在持有现货BNB代币，并可能通过信誉良好的Staging提供商定期将其部分资产存储起来。

This filing marks the first time an asset manager has filed for a BNB ETF in the United States.

该文件标志着资产经理首次在美国为BNB ETF申请。

The chain is compatible with smart contracts and powers various dApps.

该链与智能合约兼容，并为各种DAPP提供动力。

If approved, the VanEck fund would enable traditional investors to gain exposure to BNB without needing to purchase or store the cryptocurrency directly—similar to the structure of existing spot Bitcoin and Ethereum ETFs.

如果获得批准，Vaneck Fund将使传统投资者能够直接购买或存储加密货币，从而获得BNB的曝光率，这相似于现有的现货比特币和以太坊ETF的结构。

At present, BNB is the fifth largest cryptocurrency — boasting a market cap of around $84 billion. It’s currently trading at approximately $597 as of May 6, 2025.

目前，BNB是第五大加密货币，其市值约为840亿美元。截至2025年5月6日，它目前的交易价格约为597美元。

VanEck’s application stands out due to the inclusion of a staking feature, giving the fund the potential to participate in BNB staking, subject to regulatory approval.

Vaneck的应用程序由于包含了放入功能而脱颖而出，因此该基金有可能参加BNB Staking，但要获得法规批准。

Staking involves locking up digital assets to help secure and operate a blockchain network, with participants typically earning rewards in the form of additional tokens.

Staking涉及锁定数字资产以帮助保护和操作区块链网络，参与者通常以其他代币的形式获得奖励。

VanEck intends to distribute the contributors’ rewards to the ETF investors. According to the filing, the fund would generate “other income” in addition to the staking rewards.

Vaneck打算将贡献者的奖励分发给ETF投资者。根据文件，该基金将除了存放奖励外还会产生“其他收入”。

This presents a bit of a gamble, especially considering that the SEC, under previous chair Gary Gensler, displayed strong opposition to ETFs offering staking functions. This firm stance was one of the reasons why spot Ethereum ETFs were approved without including staking.

这提出了一场赌博，尤其是考虑到SEC在先前的主席Gary Gensler领导下表现出强烈反对ETF，提供了固定功能。这种公司的立场是将以太坊ETF被批准而不包括赌注的原因之一。

However, there are indications that the regulatory climate may be shifting. The SEC is now headed by Paul Atkins, which some in the industry believe could bode well for a more favorable view on crypto.

但是，有迹象表明调节气候可能正在转移。 SEC现在由保罗·阿特金斯（Paul Atkins）领导，保罗·阿特金斯（Paul Atkins）中有些人认为这可以很好地兆头，以对加密货币有更有利的看法。

As recently as last month, Grayscale updated its Ethereum ETF filing to account for staking. Moreover, hedge fund Canary Capital proposed a Tron ETF, which would also involve staking.

直到上个月，Grayscale都更新了其以太坊ETF文件以解释股权。此外，对冲基金Canary Capital提出了TRON ETF，这也将涉及Staging。

None of these filings have yet been granted approval by the SEC, which has not provided specific time frames and has recently postponed several ETF decisions.

SEC尚未批准这些文件，该文件尚未提供特定的时间范围，最近推迟了几项ETF决定。

If successful, VanEck’s BNB ETF could mark a significant step forward for both BNB and the broader cryptocurrency market.

如果成功的话，Vaneck的BNB ETF可以标志着BNB和更广泛的加密货币市场迈出的重要一步。

ETFs are widely popular investment options in the regular stock market. They make it easier for both institutional and everyday investors to access assets, such as cryptocurrencies, through a regulated and familiar format.

ETF是普通股票市场中广泛流行的投资选择。它们使机构和日常投资者都可以通过受管制和熟悉的格式更容易获取诸如加密货币之类的资产。

In the crypto landscape, BNB is already heavily utilized, being accepted to pay trading fees on the Binance exchange and serving as the preferred currency for decentralized finance (DeFi) applications and non-fungible token (NFT) platforms built on the BNB Chain.

在加密货币景观中，BNB已经大量利用，被接受以支付二进制交易所的交易费用，并作为分散融资（DEFI）申请的首选货币（DEFI）申请（NFT）平台（NFT）平台构建在BNB链上。

Despite this, it has been able to tap into only a limited set of traditional financial avenues, such as exchange-traded funds. An ETF by VanEck could help expand that reach.

尽管如此，它仍然能够利用一套有限的传统金融途径，例如交易所交易的资金。 Vaneck的ETF可以帮助扩大该覆盖范围。

It goes beyond merely providing simpler access. If they’re permitted to stake, it might also enable traditional investors to earn passive income with crypto — an opportunity that was previously unique to those already involved in the crypto sphere.

它不仅仅是提供更简单的访问。如果被允许持有，它也可能使传统投资者能够用加密货币（Crypto）赚取被动收入，而加密货币（Crypto）以前已经参与了加密货币领域的机会是独一无二的。

To further advance the process, VanEck must also submit Form 19b-4. This step initiates an official review by the SEC and establishes a time frame for a decision on the ETF application, which is currently pending.

为了进一步推进该过程，Vaneck还必须提交表格19B-4。此步骤启动了SEC的官方审查，并建立了有关ETF申请的决定的时间范围，ETF应用程序目前正在待处理。